Welcome to our dedicated page for Northern Trust news (Ticker: NTRS), a resource for investors and traders seeking the latest updates and insights on Northern Trust stock.
Northern Trust Corporation reports developments across wealth management, asset servicing, asset management and banking for institutions, corporations, affluent families and individuals. News about Northern Trust commonly covers client mandates for global custody, securities lending, fund administration, depositary services, investment operations outsourcing and accounting services, including work with public retirement systems and ETF platforms.
Recurring updates also include Northern Trust Universe performance data for pension and institutional investment plans, wealth management leadership and Global Family Office activity, quarterly financial results, common and preferred stock dividends, and technology collaborations that support investment operations workflows and reporting.
Northern Trust (Nasdaq: NTRS) has been appointed by the Dutch pension scheme, Stichting Pensioenfonds Openbare Bibliotheken (POB), to deliver global custody and compliance monitoring services. POB, established in 1957, manages approximately EUR2.3 billion (about US$2.5 billion) and serves around 25,000 members in the library sector. POB values Northern Trust’s deep understanding of the Dutch pensions sector and its commitment to social responsibility, including employee volunteerism in libraries. Northern Trust has over three decades of experience supporting Dutch clients, aligning its services with evolving pension scheme complexities.
Northern Trust Corporation (NASDAQ: NTRS) announced that it will webcast its Q1 2023 earnings conference call on April 25, 2023, at 8:00 a.m. (CT). The earnings press release and related materials will be accessible on Northern Trust’s website. A replay will be available for approximately four weeks post-call. Northern Trust, founded in 1889 in Chicago, manages assets totaling US$13.6 trillion under custody and US$1.2 trillion under management.
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Northern Trust (Nasdaq: NTRS) has been chosen by South Shore Regional Centre for Education (SSRCE) and Tri-County Regional Centre for Education (TCRCE) to deliver custody and benefit payment services for their CUPE Staff and Support Staff defined benefit pension plans. SSRCE oversees 26 schools, while TCRCE manages 23 schools across Nova Scotia. Northern Trust impressed the boards with its extensive experience in managing complex pensions in Canada. Executives expressed enthusiasm for supporting the educational sector's pension needs, highlighting Northern Trust's long-standing expertise in this area.
Northern Trust announces its third annual Wealth Planning Symposium, a virtual event on April 27, featuring keynote speakers Barbara Pierce Bush and Lauren Bush. The event aims to explore innovative strategies in wealth management amidst ongoing economic challenges. Attendees can earn up to six continuing education credits. The symposium, themed 'The Power of Resilience', focuses on preparing families and advisers to adapt to market uncertainties. With $351.4 billion in assets under management as of December 31, 2022, Northern Trust continues to lead in wealth management services.
Northern Trust (Nasdaq: NTRS) announced a decade-long commitment, donating over $165 million to non-profits, with $19 million in 2022 alone, assisting food security, housing, healthcare, and education initiatives. Employees contributed beyond 1 million volunteer hours in the last ten years, with a significant uptick during the "Achieving Greater Together" campaign, where participation surged 150%. Key partnerships include support for La Casa Norte for housing, East End Community Foundation for education, and Bangalore Medical Services Trust for healthcare access, enhancing community well-being and financial stability.
Northern Trust (NASDAQ: NTRS) has partnered with Redwheel to enhance ESG data management through a new data aggregation tool developed by Equity Data Science. This collaboration aims to improve ESG data accessibility and integration within Redwheel's investment processes, which currently manages approximately US$19 billion.
The tool enables Redwheel's investment teams to monitor and analyze ESG data more efficiently, enhancing decision-making capabilities. This move aligns with the growing emphasis on ESG considerations in investment strategies and supports Northern Trust's strategy of providing comprehensive asset management solutions.
Northern Trust has announced the appointment of Beth Opperman as President of the Southwest and Rocky Mountain regions. In her new role, she will lead teams dedicated to serving high-net-worth clients across Arizona, Colorado, Nevada, and Texas. With nearly 30 years in wealth management, Opperman previously headed Trust Advisory Services at Wells Fargo, emphasizing exceptional client experiences. Her leadership aims to enhance Northern Trust's Wealth Management division, which manages $351.4 billion as of December 31, 2022. The firm is recognized for delivering innovative and comprehensive wealth solutions.
Northern Trust (NASDAQ: NTRS) has donated over $165 million in the past decade to non-profits, including $19 million in 2022. The donations focus on food security, affordable housing, healthcare, and education. Employees provided over 1 million hours of volunteer service, with a significant uptick in participation during the global month of service in October. Notable initiatives include support for La Casa Norte for housing, East End Community Foundation for education, and Bangalore Medical Services Trust for healthcare. For more details, refer to their 2022 Philanthropic Impact Report.
Northern Trust (Nasdaq: NTRS) has partnered with SimCorp to enhance data integration for clients using the SimCorp Dimension platform. This collaboration is part of Northern Trust's Whole Office™ strategy to streamline investment management processes. The integration will automate custody data file exchanges via two methods: direct file delivery and cloud-based Asset Service Hub. This partnership aims to improve data transfer efficiency and meet client demands for technological integration, particularly in the Middle East and Nordics. Northern Trust manages assets totaling $13.6 trillion under custody and $1.2 trillion under management.